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Affordable Housing Products

Solutions to meet critical affordable housing needs.

New Support Tool

Have questions about our Affordable Housing Programs? Check out our NEW online chat support now available!

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Video Feature

Affordable Housing Programs allow members to support their communities with a source of equity in the form of grants.

2023 AHP AWARD WINNERS

$46 million awarded through AHP in 2023!

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FHLB Des Moines offers a variety of products to support the purchase, construction or rehabilitation of affordable housing. Since the inception of the Affordable Housing Program in 1990, FHLB Des Moines has awarded $895 million to provide affordable housing opportunities to more than 127,000 families and individuals.

Competitive Affordable Housing Program

The Competitive Affordable Housing Program encourages partnerships between our member financial institutions and local housing providers (sponsors) to secure funds for the purchase, construction or rehabilitation of affordable homeownership or rental housing units.

The 2024 AHP application period is now closed. Awards will be announced in December 2024.

Down Payment Products

Our member financial institutions have access to grant funds to provide down payment and closing cost assistance to income eligible owner-occupant households.

Down Payment Products:

2024 Down Payment Product funding round opened on January 2, 2024.

Voluntary Programs

FHLB Des Moines is continuously evaluating and developing innovative voluntary programs to increase its support for underserved and financially vulnerable populations in its district. Learn More.

Explore Voluntary Programs:

Member Impact Fund
Maui Disaster Relief Funding
Mortgage Rate Relief

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News

Council of Federal Home Loan Banks Hails FHFA Report Highlighting Impact Delivered by Federal Home Loan Banks

Member Announcements Council of Federal Home Loan Banks Hails FHFA Report Highlighting Impact Delivered by Federal Home Loan Banks Council of Federal Home Loan Banks Hails FHFA Report Highlighting Impact Delivered by Federal Home Loan Banks

Federal Home Loan Banks Present Housing Supply Recommendations

Public Announcements Federal Home Loan Banks Present Housing Supply Recommendations On August 29, 2024, the Federal Home Loan Banks presented the U.S. Department of Treasury a range of housing supply recommendations where the FHLBanks, the Federal Housing Finance Agency and the Treasury can collaborate to help address housing issues currently facing the nation.

Severe Storms in Nebraska and Oklahoma (Disasters)

Member Announcements Severe Storms in Nebraska and Oklahoma (Disasters) The Division of Federal Home Loan Bank Regulation of the Federal Housing Finance Agency is issuing a Non-Objection Letter to allow vacant AHP-assisted rental units to be leased temporarily to individuals/households, who are displaced due to severe storms (disasters) in Nebraska and Oklahoma.

Hawaiian Home Lands Lease Addendum

Member Announcements Hawaiian Home Lands Lease Addendum Federal Home Loan Bank of Des Moines is pleased to announce the availability of a lease addendum, which was developed in partnership with the Department of Hawaiian Home Lands.

See all articles regarding news about FHLB Des Moines.

Educational Resources

Down Payment Product Guide

Whitepaper Down Payment Product Guide Access grant funds through FHLB Des Moines for down payment, closing costs and homeownership counseling for eligible households with incomes at or below 80% of area median income (AMI).

Pocket Neighborhood Provides Affordable Homeownership Opportunities for Rural Iowa

Case Study Pocket Neighborhood Provides Affordable Homeownership Opportunities for Rural Iowa Maquoketa State Bank partnered with East Central Development Corporation to develop a pocket neighborhood with help from funds they received from the Affordable Housing Program.

Affordable Housing Project Addresses Critical Housing Needs in Alaska

Video/Webinar Affordable Housing Project Addresses Critical Housing Needs in Alaska Cook Inlet Housing Authority, a tribally-designated housing entity, revitalizes a brownfield site to create affordable senior housing in Eagle River, Alaska, using $650,000 Affordable Housing (AHP) grant in partnership with Northrim Bank

Affordable Housing Project in Minneapolis Empowers Residents to Find their Place

Video/Webinar Affordable Housing Project in Minneapolis Empowers Residents to Find their Place American Indian Community Development Corporation in partnership with Woodlands National bank utilize $800,000 Affordable Housing Program (AHP) grant from FHLB Des Moines to open Anishinabe III in Minneapolis, MN.

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